Analytical balances are sensitive laboratory instruments designed to measure the mass of any product. The readability range of analytical balance vary according to the applications. For instance, in research laboratory, highly precise analytical balance is used to perform accurate analysis which can measure the mass up to micro gram level, where less precise analytical balance, having readability range in gram level.
Moreover, benchtop Analytical balances have a weighing chamber to prevent the samples from being affected by air currents. It can detect very small increments. Analytical balances are widely used in pharmaceutical, chemical and oil & gas industries in the field of quality control laboratories. Furthermore, highly sensitive analytical balance used in research & development sectors, which are very costly due to its wide specifications. Moreover, portable analytical balance are available in the market for on-field analysis.
Global Analytical Balance Market: Drivers and Restraints
Increasing industrialization across the globe are boosting the growth of analytical balance market. The pharmaceutical industry and chemical industry are the major end-use industries of analytical balance instrument because of its chemical analysis, which, need precise weight of sample for quality analysis.
Moreover, the instruments used in the pharmaceutical industry, such as gas chromatography, HPLC, NMR, etc. require a tiny amount of sample for analysis. Therefore, industries are bound to buy various analytical balances. Also, these industries are rapidly increasing across the globe, which is estimating to drive the growth of analytical balance market.
High-tech advancement in the field of instrument manufacturing is significantly leading to the growth of global analytical balance market. Various analytical balances are launching with specific features according to a different application. Leading manufacturers are introducing analytical balance with various measuring range and other specifications.
For instance, Edam Equipment is leading weighing scale manufacturers offering highly precise analytical balances that have a measuring range of about 0.001 mg. Moreover, the easy use of instruments is also one of the significant parameter. These factors are driving the growth of the analytical balance market.
However, the maintenance cost associate with the highly precise analytical balances is hindering the growth of analytical balance market.
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Global Analytical Balance Market: Competition Landscape
Some of the market participants identified across the value chain of global analytical balance market are:
- METTLER TOLEDO
- Thermo Fisher Scientific Inc.
- PCE Deutschland GmbH
- Shimadzu Corporation
- A&D Company, Limited
- Sartorius AG
- Adam Equipment Inc.
- Rice Lake Weighing Systems.
- Precisa Gravimetrics AG
- Scientech Inc.
- SHINKO DENSHI CO., LTD.
- KERN & SOHN GmbH
Leading players are introducing various analytical balance in different countries according to applications. For instance, by considering significant research growth in Europe, Adam Company has introduced highly prices analytical balance in Europe including UK.
Moreover, some players are launching new technological accessories for high precise analytical balance. For instance, Precisa Gravimetrics has launched LG draft shield, which is suitable for 1mg, 0.01g, 0.1g and 1g balances.
Global Analytical Balance Market: Regional Overview
As a consequence of economic development, Asia Pacific Excluding Japan has significantly contributed to the market growth of the market. The presence of many chemical, pharmaceutical, and oil & gas companies in countries such as China and India has significantly increased demand for the analytical balance instrument.
For instance, the chemical industries in India and China are considerably contributing to the GDP of the country. Also, the mandatory use of analytical balances in industrial quality control laboratories driving the growth of analytical balance market in the Asia Pacific region. Furthermore, Europe and North America have also significant market share of analytical balance due to increasing industrialization and advanced research and development sector.
Moreover, the MEA region is estimated to have excellent opportunities in upcoming years for analytical balance market due to increasing chemical and Oil & Gas industries.
The Analytical Balance market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segment. The market report also maps the qualitative impact of various market factors on market segments and geographies.
The report covers exhaustive analysis on
- Analytical Balance Market Segments
- Analytical Balance Market Dynamics
- Analytical Balance Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies Involved in the Market
- Value Chain of the Market
- Market Drivers and Restraints
Regional analysis includes
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Argentina, Peru, Chile, Rest of LATAM)
- Europe (Germany, Italy, U.K, Spain, France, Nordic countries, BENELUX, Eastern Europe, Rest of Europe)
- CIS & Russia
- Asia Pacific Excluding Japan ( Greater China, India, South Korea, ASEAN Countries, Rest of APEJ)
- Middle East and Africa (GCC Countries, Turkey, Iran, Israel, S. Africa, Rest of MEA)
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Global Analytical Balance Market: Segmentation
The global analytical Balance market can be segmented on the basis of sales channel, modularity, weight capacity, and end use.
On the basis of sales channel, the global Analytical Balance market can be segmented as:
- Original Equipment Market (OEM)
- After Sales Market
On the basis of modularity, the global Analytical Balance market can be segmented as:
On the basis of weight capacity, the global Analytical Balance market can be segmented as:
- More than 250 gm
- Less than 250 gm
On the basis of End Use, the global Analytical Balance market can be segmented as:
- Oil & Gas
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